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Direct Materials Variances

The following data relate to the direct materials cost for the production of automobile tires:

Actual: $56,600$ lbs$.$ at $$1\mathrm{.}95$ per lb$.$

Standard: $58,300$ lbs$.$ at $$1\mathrm{.}90$ per lb$.$

a$.$ Determine the direct materials price variance, direct materials quantity variance, and total direct materials cost variance. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number.

Line Item Description Amount Variance

Direct Materials Price Variance $fill in the blank $1$

$2,830$

Unfavorable

Direct Materials Quantity Variance $fill in the blank $3$

$3,230$

Favorable

Total Direct Materials Cost Variance